Question

What principle world amount to 496 in 6 year at rate 4% simple interest

Answer 1

Hey buddy!

Answer:

A/Q

Amount = 496

Time = 6 years

Rate = 4% p.a

Formula of Principal =

$\frac{amount \: \times 100}{100 + (t \times r)}$

= 496×100/100+(6×4)

= 496×100/100+24

= 49600/124

= Rs. 20,666.6667

Thus, the Principal = 20,666.6667

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